Bread Financial Holdings, Inc. (NYSE:BFH) Plans Quarterly Dividend of $0.23

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 27th will be given a dividend of 0.23 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th.

Bread Financial has decreased its dividend payment by an average of 0.2%annually over the last three years. Bread Financial has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bread Financial to earn $8.87 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 10.4%.

Bread Financial Stock Performance

BFH stock traded up $4.51 during trading hours on Thursday, hitting $72.71. 1,702,941 shares of the stock were exchanged, compared to its average volume of 903,023. Bread Financial has a 12 month low of $38.21 and a 12 month high of $82.03. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.32 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.46 and a beta of 1.27. The company has a 50-day simple moving average of $72.95 and a two-hundred day simple moving average of $65.43.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $0.26 by $1.81. The business had revenue of $975.00 million for the quarter, compared to the consensus estimate of $954.74 million. Bread Financial had a net margin of 10.08% and a return on equity of 15.97%. During the same period in the prior year, the company posted $0.41 earnings per share. On average, analysts forecast that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial declared that its board has approved a share buyback program on Thursday, October 23rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.